Cooley posted its 11th straight year of revenue growth in 2020, with a 16.8% increase bringing the firm’s top line to $1.55 billion, three times the firm’s 2010 earnings.

Revenue per lawyer grew just under 10%, while profits per equity partner climbed by 25.4% to $3.18 million. The firm grew profits even as the ratio between equity and nonequity partners remained steady: the firm’s nonequity partnership, accounting for slightly less than one-third of Cooley’s 328 partners, was almost entirely unchanged from 2019.